Kintegral Advisory LLC Has $4.36 Million Stock Position in General Mills, Inc. (NYSE:GIS)

Kintegral Advisory LLC lessened its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,938 shares of the company's stock after selling 35,772 shares during the quarter. Kintegral Advisory LLC's holdings in General Mills were worth $4,361,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GIS. O Shaughnessy Asset Management LLC raised its stake in shares of General Mills by 11.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company's stock valued at $53,211,000 after acquiring an additional 85,612 shares in the last quarter. Franklin Resources Inc. boosted its holdings in General Mills by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 484,550 shares of the company's stock valued at $30,900,000 after acquiring an additional 46,536 shares during the period. Ameriprise Financial Inc. grew its position in shares of General Mills by 34.5% in the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock valued at $581,903,000 after purchasing an additional 2,341,137 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of General Mills by 7.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company's stock worth $4,652,000 after purchasing an additional 4,839 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in shares of General Mills by 15.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company's stock worth $2,749,000 after purchasing an additional 5,853 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GIS has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered General Mills from a "buy" rating to a "neutral" rating and lowered their target price for the company from $68.00 to $58.00 in a report on Monday, June 9th. UBS Group reduced their price objective on General Mills from $52.00 to $49.00 and set a "sell" rating for the company in a research report on Thursday, June 26th. Bank of America dropped their target price on shares of General Mills from $63.00 to $61.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Jefferies Financial Group upped their target price on shares of General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, March 10th. Finally, Citigroup decreased their price target on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $59.73.

General Mills Trading Down 1.3%

Shares of General Mills stock opened at $53.13 on Friday. The company's fifty day moving average price is $53.99 and its two-hundred day moving average price is $58.00. The firm has a market capitalization of $28.82 billion and a PE ratio of 12.96. General Mills, Inc. has a 52-week low of $50.19 and a 52-week high of $75.90. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.67 and a quick ratio of 0.43.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $4.56 billion for the quarter, compared to analysts' expectations of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. On average, analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 4.59%. This is a boost from General Mills's previous quarterly dividend of $0.60. The ex-dividend date is Thursday, July 10th. General Mills's dividend payout ratio is 52.75%.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.

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